M&A vs Equity Analysis (revisit)

Jan 9, 2025

This is a refreshed version of an episode from October 2022.

Professor Matthew Shaffer shares his journey into the field of accounting and his interest in corporate governance, valuation, and the market for corporate control. His article, "Why Value the Enterprise and Route to the Equity," explores the rationale behind using enterprise value evaluations in M&A settings instead of directly valuing equity. Josh and Matt discuss:  

• Accounting as a fundamental framework for understanding business activities and market movements.
• Impact of Non-Recurring Items on Valuation Methods:
• Future of valuation research and its integration into academic curricula

Guest: Matthew Shaffer, Ph.D., Asst. Professor, USC Marshall School of Business
Host: Josh Shilts, CPA/ABV/CFF/CGMA, Shilts CPA

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RESOURCES FOR FURTHER EXPLORATION
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Accounting and Valuation guides from AICPA  If you are an AICPA-FVS Section member see below for free access to these guides

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies
• Accounting and Valuation Guide - Business Combinations

Exclusive content available with AICPA FVS Section membership: Click here to join this active community of your FVS peers. You will get 16 credits of complimentary CPE and access to rich technical content

• Valuation of Privately Held Companies Equity Securities Issued as Compensation
• Valuation of Portfolio Company Investments of Venture Capital and Private Equity Funds and Other Investment Companies 

From the FVS Valuation Podcast archives 

• The Forensic Accountant's Role in M&A Disputes
• Valuing Complex Financial Instruments

LEARN MORE ABOUT THE FOLLOWING AICPA CREDENTIALS:

Accredited in Business Valuation (ABV®) – Visit the home page and check out the ABV infographic

Certified in the Valuation of Financial Instruments (CVFI®) – Visit the home page and check out the CVFI infographic

Certified in Financial Forensics (CFF®) - Visit the home page and check out the CFF infographic

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